Does The Credit Card Bill Of Rights Mean More Consumer Freedom, Or Less?

cridit card bill of rightd

The credit card bill of rights is a Joke. What next Wright your own loan bill of rights

This so called bill of rights is a platform to keep you enslaved the to the beckon call of the credit card company.

Unless the credit card bill of rights goes something like this

1. You have the Right to pay off your card without penalty

2. You have the Right to never use a credit card again.

3. You have the Right to STOP encroachment to use the credit card, from. Company.

4. You have the Right to live without need to, have to have a credit card. Just cut the thing up and be done with that debt.

Since your local governments don’t have the Gaul to protect you, learn to live without it. Hum, hum, you see what your Bank card is starting to do to you. So What Rights, do you really think you will get.

Oley Pub Opion of GA @ Jul 25, 2009 13:52:15 PM

GOT A CLUE YET !!!

HELLO !! WORKING FOR 30 YEARS. Buy a vowel, and I'll give you a clue. the card companies has and always will, minupilate the money of this land ,that is how to kake it away from you. Its in the loopholes of the F.D.I.C. you know as well a I do, that you are just an account number, you are never late only mean that they DO NOT like you... NO FEEs,no late fee, no over limit fee, no excuse to raise your % rate. looser, you'll probably pay the thing off on time. Not a risk? you are thier biggest and worst risk. As in they ( CAN NOT MAKE ANY MONEY ON YOU.)

You see they want people like this guy, he never really had a constant job or a real work history, but he needed to live. As long as he filed for a card on as an average joe average salary with some responsibilies ( Kids,Dog ) , No Savings no assets ...Denied Denied Denied...but God forgive him he had to resort to lying this time he said average joe average salary NO RESPONSIBILITIES, medium large saving, COUPLE XLARGE MONEY MARKET CDs. Now he got hi limit pre-approve cards comming out of the yang, he picks three. Using the art of making half payment every other month for six month during the Christmas season(fees are not as high)he went from O score to 785 score in about ten years until now just like you, his rate was cute, sombody some where said he Failed to make a payment to them Of course that's a lie. not the matter though, the game is to increase my risk potiential so a claim to the F.D.I.C in order to bail the account out as a losss. you ont other hand have to go to court and prove that the account has been bailed out by The F.D.I.C but not without a cost... Bankruptcy. AMERICA IS B A N K R U P T

THE BANKS ARE THE FIRST TO BE BAILED OUT IN ORDER TO PRESERVE THE FEDERAL GOVERNMENT from collaps.

You are not alone.. from the best of us to the worst.. Betrayal has an ugly headand you have not seen a thing yet. All the so called bail-out programs for the public , you know the ones that have not been in forced for less 100 days, from the Governor Swartz to the President Obam, have all but failed to to do anything to right the wrongs that are forced upon us. So grab your back packets, bend over and Try to smile

Oley Pub Opion of GA @ Jul 25, 2009 13:14:17 PM

Credit card companies

First they were ridiculous in giving everyone credit, if you could breath you could get lines of credit.

Now, they are reversed ridiculous. They are cutting lines and closing cards on people like me, who have had good credit ratings for years, comment on my credit report, "NEVER LATE". and that is for 30 years, I am still working. 2 of my credit cards were closed completely and a couple dropped my limits. What idiots, I am one of the best credit risks they could have.

Suzanne Fair of AZ @ Jul 21, 2009 12:35:37 PM

Next to last sentence makes perfect sense

"If they can't cover their costs on those high-risk people, then they will take fewer risks."

Yes, yes. yes. That is precisely the point.

We need credit card companies offering people less credit. Bad for the economy you say? Maybe, but I doubt it. (Maybe bad for fast food sellers and Chinese clothes makers.)

Bad for people to be less enticed to getting in debt where they can be milked to the moon with fees---then dumped on society as bankrupt? No, that's not "bad". Tell me WHY (once again) the average college student is said to have four credit cards?

Muser of NM @ Jul 21, 2009 11:11:07 AM

Just Stop!

Credit line reduced and accounts closed for no good reason? They do what they want, when they want to and know you won't do anything about it because you are worried about your "score". Don't pay them another dime, it's that simple. The banks got their bailout. I'll see them all in bankruptcy court!

joe of WA @ Jul 20, 2009 18:36:07 PM